GraniteShares 2x Long NVDA Daily ETF (NASDAQ:NVDL) Shares Gap Up to $85.25

GraniteShares 2x Long NVDA Daily ETF (NASDAQ:NVDL)’s stock price gapped up prior to trading on Thursday . The stock had previously closed at $85.25, but opened at $90.30. GraniteShares 2x Long NVDA Daily ETF shares last traded at $90.84, with a volume of 4,433,737 shares traded.

GraniteShares 2x Long NVDA Daily ETF Price Performance

The company has a 50 day simple moving average of $51.24 and a 200-day simple moving average of $34.03.

Institutional Investors Weigh In On GraniteShares 2x Long NVDA Daily ETF

A number of hedge funds have recently made changes to their positions in NVDL. Jane Street Group LLC bought a new position in shares of GraniteShares 2x Long NVDA Daily ETF during the 1st quarter valued at $10,343,000. Hoey Investments Inc. lifted its stake in shares of GraniteShares 2x Long NVDA Daily ETF by 302.2% in the 1st quarter. Hoey Investments Inc. now owns 14,873 shares of the company’s stock valued at $617,000 after acquiring an additional 11,175 shares during the last quarter. Cherry Tree Wealth Management LLC purchased a new stake in GraniteShares 2x Long NVDA Daily ETF during the 1st quarter valued at about $95,000. TRUE Private Wealth Advisors grew its position in GraniteShares 2x Long NVDA Daily ETF by 551.9% during the 1st quarter. TRUE Private Wealth Advisors now owns 71,642 shares of the company’s stock worth $2,973,000 after acquiring an additional 60,653 shares during the last quarter. Finally, Simplex Trading LLC purchased a new position in GraniteShares 2x Long NVDA Daily ETF in the 1st quarter worth approximately $412,000.

About GraniteShares 2x Long NVDA Daily ETF

The GraniteShares 1.5x Long NVDA Daily ETF (NVDL) is an exchange-traded fund that mostly invests in information technology equity. The fund provides 1.5x leveraged exposure, less fees and expenses, to the daily price movement for shares of NVIDIA Corporation stock. NVDL was launched on Dec 13, 2022 and is managed by GraniteShares.